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Mint Essential Oils Market Size, Share & Trends Analysis Report by Application (Medical, Food & Beverages, Spa & Relaxation, Cleaning & Home), Region, and Segment Forecasts, 2023-2030

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    Report

  • 147 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5914503
Description Jump to:
The global mint essential oils market demand is estimated to reach USD 1,961.9 million by 2025, registering a CAGR of 9.8% from 2023 to 2030, according to the report. The product's demand is anticipated to reach 66.38 kilotons by 2025. Rising demand for flavoring agents in a diversified range of end-use industries, such as food and beverage, pharmaceuticals, and personal care and cosmetics is expected to fuel the growth.

Growing research and development pertaining to the beneficial applications of mint oils coupled with the technological advancements in methods of extraction such as steam distillation have resulted in a significant rise in mint oil production for commercial applications. This factor is projected to fuel the growth of the mint essential oil market over the forecast period.

The varying amounts of menthol present in mint oils is known to have different antimicrobial activity and beneficial properties. Additionally, menthol from mint essential oil is used as a key flavor and fragrances ingredient in personal care and cosmetics, medicines, and perfumes. Increasing demand for flavoring agents in food and beverage is likely to propel the consumption of product in food and beverage industry. Several overall health benefits related with essential oils are projected to drive the demand for essential oils in pharmaceutical and medical applications.

The market has been expanding with emerging applications of mint essential oil in insect repellants and cigarettes. They are increasingly being used in the production of menthol flavored cigarettes. Also, cornmint oil, dementholized oil, peppermint oil, and spearmint oil have been reported to showcase effective repellency against mosquitoes and insects. This factor has increased their application in natural insect/mosquito repellants. Further, cornmint essential oil is the most preferred oil among the flavor & fragrances industries for its minty flavor and extraction of menthol, while peppermint oil market is expected to grow owing to the rising popularity of the oil amongst household consumers as a food ingredient and aromatherapy

Increasing consumer inclination toward natural and organic ingredient-based products is expected to increase the demand for mint essential oil from consumer product manufacturing industries at an exponential rate. Widespread urbanization coupled with increasing social media influence has popularized natural plant extract based healing treatments such as aromatherapy. Mint essential oil are extensively used for stress relieving applications in aromatherapy. This is likely to drive the growth of the mint essential oil market in the forthcoming years.

Mint Essential Oils Market Report Highlights

  • The spa & relaxation segment accounted for the largest revenue share of 42.7% in 2022 and is expected to further expand at the fastest CAGR of 10.1% during the forecast period.
  • The food & beverages segment accounted for the second largest revenue share in 2022 and is estimated to witness significant CAGR over the forecast period. These essential oils are primarily used in food and beverages for their minty aroma and taste.
  • Europe accounted for a significant revenue share of 39.3% in the market in 2022. The strong presence of established industries such as personal care & cosmetics and flavors & fragrances is expected to be the primary regional growth driver over the forecast period.
  • North America, on the other hand, is expected to expand at the fastest CAGR of 11.7% during the forecast period. The mint essential oil market in North America is driven by several factors that contribute to its strong growth and demand.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. Regional outlook
2.3. Competitive Insights
Chapter 3. Mint Essential Oils Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Mint Essential Oils Market Analysis Tools
3.6.1. Industry Analysis - Porter’s Five Forces
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Mint Essential Oils Market: Application Estimates & Trend Analysis
5.1. Mint Essential Oils Market: Key Takeaways
5.2. Mint Essential Oils Market: Application Movement & Market Share Analysis, 2022 & 2030
5.3. Medical
5.3.1. Medical market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.3.1.1. Pharmaceutical
5.3.1.1.1. Pharmaceutical market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.3.1.2. Nutraceuticals
5.3.1.2.1. Nutraceuticals market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.4. Food & Beverages
5.4.1. Food & beverages market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.4.1.1. Bakery
5.4.1.1.1. Bakery market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.4.1.2. Confectionery
5.4.1.2.1. Confectionery market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.4.1.3. Dairy
5.4.1.3.1. Dairy market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.4.1.4. RTE meals
5.4.1.4.1. RTE meals market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.4.1.5. Beverages
5.4.1.5.1. Beverages market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.4.1.6. Meat, poultry & seafood
5.4.1.6.1. Meat, poultry & seafood market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.4.1.7. Snacks & nutritional bars
5.4.1.7.1. Snacks & nutritional bars market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5. Spa & Relaxation
5.5.1. Spa & relaxation market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.1. Aromatherapy
5.5.1.1.1. Aromatherapy market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.2. Massage oil
5.5.1.2.1. Massage oil market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.3. Personal care
5.5.1.3.1. Personal care market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.4. Cosmetics
5.5.1.4.1. Cosmetics market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.4.1.1. Hair care
5.5.1.4.1.1.1. Hair care market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.4.1.2. Skin care
5.5.1.4.1.2.1. Skin care market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.4.1.3. Sun care
5.5.1.4.1.3.1. Sun care market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.5. Makeup and color cosmetics
5.5.1.5.1. Makeup and color cosmetics market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.6. Toiletries
5.5.1.6.1. Toiletries market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.6.1.1. Oral care
5.5.1.6.1.1.1. Oral care market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.6.1.2. Soaps
5.5.1.6.1.2.1. Soaps market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.6.1.3. Shampoos
5.5.1.6.1.3.1. Shampoos market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.6.1.4. Baby care
5.5.1.6.1.4.1. Baby care market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.6.1.5. Men's grooming
5.5.1.6.1.5.1. Men's grooming market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.7. Fragrances
5.5.1.7.1. Fragrances market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.7.1.1. Perfumes
5.5.1.7.1.1.1. Perfumes market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.7.1.2. Body sprays
5.5.1.7.1.2.1. Body sprays market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.5.1.7.1.3. Air fresheners
5.5.1.7.1.3.1. Air fresheners market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.6. Cleaning & Home
5.6.1. Cleaning & home market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.6.1.1. Kitchen cleaners
5.6.1.1.1. Kitchen cleaners market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.6.1.2. Floor cleaners
5.6.1.2.1. Floor cleaners market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.6.1.3. Bathroom cleaners
5.6.1.3.1. Bathroom cleaners market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
5.6.1.4. Fabric care
5.6.1.4.1. Fabric care market estimates and forecasts, 2018 to 2030 (Tons, USD Million)
Chapter 6. Mint Essential Oils Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Mint Essential Oils Market by Region: Key Takeaways
6.3. North America
6.3.1. Market estimates and forecasts, 2018 - 2030 (Volume , Tons; Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.3.4. Mexico
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.4. Europe
6.4.1. UK
6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.4.2. Germany
6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.4.4. Turkey
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.4.5. Russia
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.5. Asia Pacific
6.5.1. China
6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.5.2. Japan
6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.5.4. Taiwan
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.5.5. South Korea
6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.5.6. Singapore
6.5.6.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.5.7. Australia
6.5.7.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.5.8. Thailand
6.5.8.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.5.9. Indonesia
6.5.9.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.6. Central & South America
6.6.1. Argentina
6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.6.2. Brazil
6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.7. Middle East & Africa
6.7.1. South Africa
6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.7.2. Saudi Arabia
6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
6.7.3. Nigeria
6.7.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Tons; Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. H. Reynaud & Fils
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. FLAVEX Naturextrakte GmbH
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. India Essential Oils
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. Sydney Essential Oil Company
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Moksha
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Rocky Mountain Oils, LLC
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 North America mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 3 North America mint essential oils market, by region, 2018 - 2030 (Tons, USD Million)
Table 4 U.S. mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 5 Canada mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 6 Mexico mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 7 Europe mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 8 Europe mint essential oils market, by region, 2018 - 2030 (Tons, USD Million)
Table 9 UK mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 10 Germany mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 11 France mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 12 Turkey mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 13 Russia mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 14 Asia Pacific mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 15 Asia Pacific mint essential oils market, by region, 2018 - 2030 (Tons, USD Million)
Table 16 China mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 17 Japan mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 18 India mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 19 Taiwan mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 20 South Korea mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 21 Singapore mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 22 Australia mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 23 Thailand mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 24 Indonesia mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 25 Central & South America mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 26 Central & South America mint essential oils market, by region, 2018 - 2030 (Tons, USD Million)
Table 27 Argentina mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 28 Brazil mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 29 Middle East and Africa mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 30 Middle East and Africa mint essential oils market, by region, 2018 - 2030 (Tons, USD Million)
Table 31 Saudi Arabia mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 32 South Africa mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
Table 33 Nigeria mint essential oils market, by application, 2018 - 2030 (Tons, USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Mint essential oils: Market outlook
Fig. 9 Mint essential oils: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Mint essential oils market driver impact
Fig. 15 Mint essential oils market restraint impact
Fig. 16 Mint essential oils market strategic initiatives analysis
Fig. 17 Mint essential oils market: Application movement analysis
Fig. 18 Mint essential oils market: Application outlook and key takeaways
Fig. 19 Medical market estimates and forecasts, 2018 - 2030
Fig. 20 Pharmaceutical market estimates and forecasts, 2018 - 2030
Fig. 21 Nutraceuticals market estimates and forecasts, 2018 - 2030
Fig. 22 Food & beverages market estimates and forecasts, 2018 - 2030
Fig. 23 Bakery market estimates and forecasts, 2018 - 2030
Fig. 24 Confectionery market estimates and forecasts, 2018 - 2030
Fig. 25 Dairy market estimates and forecasts, 2018 - 2030
Fig. 26 RTE meals market estimates and forecasts, 2018 - 2030
Fig. 27 Beverages market estimates and forecasts, 2018 - 2030
Fig. 28 Meat, poultry & seafood market estimates and forecasts, 2018 - 2030
Fig. 29 Snacks & nutritional bars market estimates and forecasts, 2018 - 2030
Fig. 30 Spa & relaxation market estimates and forecasts, 2018 - 2030
Fig. 31 Aromatherapy market estimates and forecasts, 2018 - 2030
Fig. 32 Massage oil market estimates and forecasts, 2018 - 2030
Fig. 33 Personal care market estimates and forecasts, 2018 - 2030
Fig. 34 Cosmetics market estimates and forecasts, 2018 - 2030
Fig. 35 Hair care market estimates and forecasts, 2018 - 2030
Fig. 36 Skin care market estimates and forecasts, 2018 - 2030
Fig. 37 Sun care market estimates and forecasts, 2018 - 2030
Fig. 38 Makeup and color cosmetics market estimates and forecasts, 2018 - 2030
Fig. 39 Toiletries market estimates and forecasts, 2018 - 2030
Fig. 40 Oral care market estimates and forecasts, 2018 - 2030
Fig. 41 Soaps market estimates and forecasts, 2018 - 2030
Fig. 42 Shampoos market estimates and forecasts, 2018 - 2030
Fig. 43 Baby care market estimates and forecasts, 2018 - 2030
Fig. 44 Men's grooming market estimates and forecasts, 2018 - 2030
Fig. 45 Fragrances market estimates and forecasts, 2018 - 2030
Fig. 46 Perfumes market estimates and forecasts, 2018 - 2030
Fig. 47 Body sprays market estimates and forecasts, 2018 - 2030
Fig. 48 Air fresheners market estimates and forecasts, 2018 - 2030
Fig. 49 Cleaning & home market estimates and forecasts, 2018 - 2030
Fig. 50 Kitchen cleaners market estimates and forecasts, 2018 - 2030
Fig. 51 Floor cleaners market estimates and forecasts, 2018 - 2030
Fig. 52 Bathroom cleaners market estimates and forecasts, 2018 - 2030
Fig. 53 Fabric care market estimates and forecasts, 2018 - 2030
Fig. 54 Global mint essential oils market: Regional movement analysis
Fig. 55 Global mint essential oils market: Regional outlook and key takeaways
Fig. 56 North America market estimates and forecasts, 2018 - 2030
Fig. 57 U.S. market estimates and forecasts, 2018 - 2030
Fig. 58 Canada market estimates and forecasts, 2018 - 2030
Fig. 59 Mexico market estimates and forecasts, 2018 - 2030
Fig. 60 Europe market estimates and forecasts, 2018 - 2030
Fig. 61 UK market estimates and forecasts, 2018 - 2030
Fig. 62 Germany market estimates and forecasts, 2018 - 2030
Fig. 63 France market estimates and forecasts, 2018 - 2030
Fig. 64 Turkey market estimates and forecasts, 2018 - 2030
Fig. 65 Russia market estimates and forecasts, 2018 - 2030
Fig. 66 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 67 China market estimates and forecasts, 2018 - 2030
Fig. 68 Japan market estimates and forecasts, 2018 - 2030
Fig. 69 India market estimates and forecasts, 2018 - 2030
Fig. 70 Taiwan market estimates and forecasts, 2018 - 2030
Fig. 71 South Korea market estimates and forecasts, 2018 - 2030
Fig. 72 Singapore market estimates and forecasts, 2018 - 2030
Fig. 73 Australia market estimates and forecasts, 2018 - 2030
Fig. 74 Thailand market estimates and forecasts, 2018 - 2030
Fig. 75 Indonesia market estimates and forecasts, 2018 - 2030
Fig. 76 Central & South America market estimates and forecasts, 2018 - 2030
Fig. 77 Argentina market estimates and forecasts, 2018 - 2030
Fig. 78 Brazil market estimates and forecasts, 2018 - 2030
Fig. 79 Middle East and Africa market estimates and forecasts, 2018 - 2030
Fig. 80 South Africa market estimates and forecasts, 2018 - 2030
Fig. 81 Saudi Arabia market estimates and forecasts, 2018 - 2030
Fig. 82 Nigeria market estimates and forecasts, 2018 - 2030

Companies Profiled

  • H. Reynaud & Fils
  • FLAVEX Naturextrakte GmbH
  • India Essential Oils
  • Sydney Essential Oil Company
  • Moksha
  • Rocky Mountain Oils, LLC

Methodology

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